Migrants' remittances to Guatemala surge by 11.33 percent

Remittances by emigrants to their families in Guatemala rose by 11.33 percent year-on-year to US$1.36 billion in the first four months of the year, according to the nation's central bank, Banguat.

Friday, May 9, 2008

In April alone, remittances totaled US$385 million, Banguat said.
According to official estimates, 1.6 million Guatemalans live in the United States, some 60 percent of them without immigration documents.

More on this topic

Remittances for $13.06 billion to Central America in 2011

March 2012

By country: Guatemala $4.37 billion; El Salvador $3.65 billion; Honduras $2.86 billion; Nicaragua $1.05 billion; Panama $592 millions; Costa Rica $530 millions.

Inter-American Development Bank Report:

Remittances to Latin America and the Caribbean rose to $61 billion in 2011

Guatemala: Remittances Grow by 9%

July 2011

In the first six months of the year more than $2,000 million came into the country from abroad.

Remittances sent by Guatemalan families living abroad have increased by 9.3% compared to the first half of 2010.

The highest figures were recorded for June, with more than $416 million flowing into the country via this route, according to the Central Bank of Guatemala (Banguat).

Remittances to Honduras grow 11.9%

July 2008

The remittances sent by Honduran immigrants to their families in the country were over $1.360 million for the first six months of this year.

The dollars sent by honduran immigrants, most of them living in the United States, are the main source of foreign currency in the country, acknowledged the authorities. In 2006, remittances accounted for 25% of the country's gross domestic product.

Remittances to Guatemala grow by 8.69 percent

July 2008

Despite the worldwide economic slowdown, remittances to families in Guatemala from members who live abroad have grown by 8.69 percent for the January-June period this year.

However, the rate of growth is down a bit from last year, when remittances increased by 12.64 percent year-over-year.

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